Reporting and Analyzing Energy & Metal News from Around the Globe

Main menu

Gold Silver and Oil Bounced Back on Monday – Recap December 31st

January 1, 2013

Major commodities traded mostly up on the last business day of the year: the price of Brent oil and WTI oil changed direction and rallied; the prices of gold and silver also shifted gear and rose on Monday; natural gas Henry Hub future (short term delivery), on the other hand, changed direction and fell yesterday; the Euro slipped against the USD on Monday. Conversely, several other currency pairs such as the AUD/USD slightly appreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 31st, 2013:

Forex and Bullion Markets:

On Monday, gold rose by 1.2% and reached $1,674.8; Silver also increased by 0.85% to $30.17. During the month, gold decreasedby 2.11%; silver, by 9.13%.

On Monday,the Euro/USD declined by 0.17% to 1.3193; the U.S Dollar depreciated against some other currencies such as Aussiedollar by 0.2%.

Energy Commodities:

WTI oil price changed direction and rose by 1.12% to $91.82 per barrel; Brent oil also increased by 0.44% to $111.11 per barrel;

Thus, the difference between Brent and WTI narrowed again to $19.29/bbl. During the month, WTI rose by 3.3%; Brent oil declined by 0.1%.

Finally, the Henry Hub future (short term delivery) tumbled down by 3.4% to $3.35/mmbtu.